The loan is issued under the UOB Real Estate Sustainable Finance Framework and will be used to re-finance Connexion, which houses the Farrer Park Medical Centre, Farrer Park Hospital and One Farrer Hotel.
The Farrer Park Company, an integrated healthcare and hospitality complex, has obtained a $120 million green loan from United Overseas Bank (UOB) on September 17.
The loan, which supports the company’s continued efforts in ensuring that it is environmentally responsible in its operations, is the first such loan for a healthcare facility in Singapore.
